Real Estate Investing in Philadelphia, Pennsylvania (19128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19128 (Philadelphia, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Philadelphia, PA (19128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19128 Philadelphia
ZIP 19128 inside Philadelphia County looks affordable on the surface — median value of $371K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,826/mo on a $371K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 19128 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Philadelphia have seen price recovery that 19128 has not matched. Philadelphia County data supports the view that the spread is structural rather than temporary.
The 19128 ZIP's population of 37,018 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategically, 19128 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $220,528 | $1,730 | 5.6% | +2.2% | $220,528 |
| 2BR | $273,110 | $2,060 | 5.4% | +5.7% | $136,555 |
| 3BR | $350,361 | $2,470 | 5.1% | +5.2% | $116,787 |
| 4BR | $438,429 | $2,760 | 4.5% | +5.1% | $109,607 |
| 5BR | $466,454 | — | — | +5.7% | $93,291 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19128 Compare?
| Metric | 19128 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $370,601 | $260,324 | $278,018 |
| 5-Year CAGR | 3.5% | 1.2% | 6.3% |
| Avg Rent | $1,826 | $1,659 | - |
| Cap Rate | 3.8% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19128 (Philadelphia, PA). Anonymous, moderated, never written by AI.
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Property managers serving Philadelphia County
Manage rentals here? List your business →Atlas Property Management is a boutique team offering personal service for single-family rentals across Napa Valley, serving Napa, Yountville, St. Helena, Calistoga, Sonoma, American Canyon, Hiddenbro summary from their website
Citified Realty & Property Management provides management services for single-family, multi-family, and commercial units in Philadelphia, focusing on tenant satisfaction. summary from their website
Chapel Realty Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $370,601 |
| Monthly Rent | $1,826 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19128
Population: 37,018
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 19128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bala-Cynwyd MS
Belmont Hills El Sch
Emlen Eleanor C Sch
Penn Valley Sch
Dobson James Sch
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical home price in Philadelphia, PA?
In Philadelphia, PA the median home value sits at $371K. Against the broader PA market, that reads as reasonable for most investors.
What approach is best for Philadelphia, PA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Philadelphia, PA. The numbers - $371K homes against $1,826/mo rents - support that play.
Is vacancy a concern in Philadelphia, PA?
Expect elevated vacancy in Philadelphia, PA. Rents at $1,826/mo are absorbed by the tenant base without meaningful lag.
Are landlord laws favorable in Philadelphia, PA?
Rental owners in Philadelphia, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How deep is the rental pool in Philadelphia, PA?
The tenant pool in Philadelphia, PA is solid, supported by local employment and population fundamentals. Rents of $1,826/mo are well-absorbed by the market.
You know 19128 now. You don’t know where it ranks.
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How 19128 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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